107 Main St Sherman, NY 14781
This exceptional investment opportunity presents a two-story commercial building ideally situated in the vibrant village of Sherman, NY, at 107 E Main St. Boasting a substantial 3,654 square feet on a 0.12-acre lot, this property offers two distinct income streams. The ground floor, previously occupied by a liquor store, features ample space, abundant storage, and excellent lighting, making it highly attractive to a variety of commercial tenants. The layout is well-designed for efficient operation and maximum utilization of space. The upper level comprises a fully updated three-bedroom apartment, complete with a full bathroom, a spacious kitchen, a laundry room, and a comfortable living room. Access to the apartment is provided via three doorways—two from a Main Street entrance and stairway, and one from a rear exterior door leading to a separate stairway at the back of the building. Recent upgrades, facilitated by village grants, include a new awning and enhanced lighting at the Main Street entrance, enhancing both curb appeal and tenant appeal. This property's prime location on a busy village street ensures consistent high visibility and foot traffic, contributing to its strong rental potential. The combination of a well-maintained commercial space and a profitable residential unit makes this a truly compelling investment opportunity, offering a solid return on investment for discerning buyers. Priced at $145,000.
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Susan's Pantry & Salvage Food Bank Charitable Organization
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B K Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.